Governance
GR.12 CHAP 5
www.reallygreatsite.com Presented By : Larana Corporate
, What is CG?
The set of rules and the processes that are used by
Top Management to direct and control the business.
Corporate governance provides a framework and
control measures to look after the bottom line of the
business, but also consider the interest of ALL
stakeholders in the business.
Bottom line of a business:
Refers to a company’s net income, which appears as the final line on the
income statement. It’s the total amount of profit a business has remaining
after paying expenses, expressed with the equation:
Revenue – Expenses = Net Income
Any activities that increase or decrease overall profit
Stakeholders: Management, shareholders,
customers, suppliers, government, the community
and environment